During a meeting on May 8, 2023, the business authorised the declaration of bonus equity shares in a 1:2 ratio. When a corporation distributes extra shares to shareholders from earnings or existing reserves, this is known as a bonus share issue.
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Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, automotive coatings and performance coatings.
At TTM, the company is having P/E of 37.8 times against the industry P/E of 56. The company is having RoE & RoCE of 10.7 per cent and 14.5 per cent respectively.
At present, the shares of Kansai Nerolac Paints were trading at Rs 321.80 up by 14 points or 4.55 per cent. The shares opened at Rs 323.05 and hit a high of Rs 333.50 and a low of Rs 321.45.